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Raytheon (NYSE: RTN) has received a potential $349M cost-plus-incentive-fee contract to continue modernizing the Tomahawk cruise missile system as part of the U.S. Navy's rapid deployment capability efforts. The company will begin phase 2 of the Maritime Strike Tomahawk program after completing design, integration, test and evaluation effort...

Lockheed Martin (NYSE: LMT) has secured a potential 10-year, $92.2M contract to help the U.S. Navy modernize and sustain cross-domain technology platform the U.S. Navy uses to exchange data with other government agencies. The company will also provide program management, installation, security authorization, logistics and training support for...

U.S. Navy Adm. Michael Gilday formally succeeded Adm. John Richardson, two-time Wash100 Award recipient, as chief of naval operations during a ceremony that took place Thursday in Washington. "Gilday is a true cutting edge warfighter, a surface warrior who, by virtue of his leadership at 10th Fleet, fully appreciates the challenges we fac...